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SHAKER POINTE AT CARONDELET INC
WATERVLIET, NY · EIN 260701980 · Form 990 · FY2024 · NTEE L22 · Housing & Shelter · Medium ($1M-$10M) · shakerpointe.org
revenue
$7.6M
expenses
$8.1M
net assets
$-14.0M
employees
68
volunteers
11
program ratio
70%
mission · from form 990

DEVELOPMENT AND OPERATION OF RETIREMENT COMMUNITY.

profile · synthesized from sources

Shaker Pointe at Carondelet Inc is a nonprofit 55+ independent living community in Latham, NY, offering maintenance-free residences and an all-inclusive lifestyle. The organization provides seniors with a range of housing options, from apartments to cottages, along with access to extensive amenities and wellness programs. Sponsored by the Sisters of St. Joseph, it emphasizes social engagement, lifelong learning, and financial security through a refundable entrance fee model.

named programs · 4 · from sources

What they call their work

Independent Living Residences
Offers over 20 styles of pet-friendly one- and two-bedroom homes including apartments, townhouses, and cottages, designed for maintenance-free living with access to community amenities
Parkland at Shaker Pointe
Rental apartment option for active seniors seeking a traditional lease structure while still enjoying access to community amenities and lifestyle
Resident-Led Enrichment Programs
Over two dozen resident-led clubs and committees offering social, cultural, educational, and creative activities such as fitness classes, lectures, book clubs, and environmental initiatives
The Pointe Community Center
35,000-square-foot community hub featuring fitness center, heated indoor pool, art studio, library, movie theater, dining, salon, medical services, and social spaces
activities · 7 groups

What they do

  • Luxury Senior Living Communities 2 activities
    • Operates a retirement community for adults aged 55 and older
      Develops, owns, and operates a large-scale independent living senior community on a 30-acre campus, offering a range of housing options including apartments, townhouses, and cottages. The community is designed to support intellectual, physical, social, and spiritual growth for residents.
    • Provides all-inclusive independent living residences with comprehensive services
      Offers pet-friendly one- and two-bedroom residences with monthly service fees covering utilities, insurance, maintenance, housekeeping, transportation, security, and access to wellness and social programs. Monthly fees start at $2,306–$2,730 depending on unit type and structure.
  • Direct Clinical Care Services 1 activity
    • Hosts on-site medical and wellness services
      Partners with Latham Primary Care and Physical Therapy to provide on-site medical offices and clinical services, enhancing access to healthcare for residents within the community.
  • Community Fitness and Aquatics Programming 1 activity
    • Operates extensive on-site amenities and recreational facilities
      Maintains a 35,000-square-foot community center and a wide array of amenities including a fitness center, aerobics studio, heated indoor pool and spa, movie theater, auditorium, art studio, library, bocce and pickleball courts, walking trails, footbridges, outdoor gardening areas, patios with grills, and on-site dining in a historic Shaker-style round barn.
  • Guest Lodging for Members and Affiliates 1 activity
    • Provides guest accommodations and event support services
      Offers guest suites and a guest house for visiting family and friends, along with in-house catering services to support private events, meetings, and resident-hosted functions.
  • Literary and Cultural Publishing 1 activity
    • Publishes resident-created literary anthologies
      Facilitates and publishes creative writing by residents, including two anthologies: 'Creative Elders' and 'Creative Elders 2: A Quilted Community,' showcasing poetry, fiction, essays, and reflections from seniors.
  • Senior Social & Enrichment Programming 1 activity
    • Supports resident-led programming and enrichment activities
      Hosts and supports more than two dozen resident-led clubs, committees, and enrichment programs focused on arts, history, environmental causes, and personal growth. Includes events such as fashion shows, panel discussions, and annual appreciation gatherings like the Breakfast of Blessings.
  • Uncategorized 2 activities
    • Manages diverse senior housing units across multiple buildings and configurations
      Operates over 20 styles of residences totaling more than 100 units, including 68- and 56-unit apartment buildings connected to the community center, 15-apartment building with shared gathering space, 12 cottage-style homes with garages, and 11 townhome-style units—all featuring varied floor plans and private entrances.
    • Offers flexible residency fee structures
      Provides both refundable entrance fee and traditional rental models. Entrance fees are adjustable by unit size and location, with up to 90% refunded upon departure or to the estate if the resident remains for life. Rental apartments offer lease-based access to full community amenities.
financials · form 990 · fy2024
revenue
Total revenue$7.63M
Contributions & grants$329K4%
Program service revenue$7.14M94%
Investment income$54K1%
Other revenue$106K
expenses
Total expenses$8.07M
Program expenses70%
Admin / overhead30%
Fundraising0%
Salaries & benefits$2.39M
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$46.74M
Cash$1.85M
Investments$1.23M
Liabilities$60.77M
Net assets$-14.03M
Liquid reserves4.6 mo
5 years on record · 2019–2024 · YoY revenue +7.1%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
KATHRYN WELDEN EXECUTIVE DIRECTOR 37 $167K
JESSICA KEELER DIRECTOR OF FINANCE 37 $131K
LORRIE SHILLING DIRECTOR OF SALES 37 $112K
board members · 11
  • DAVID DYBAS — DIRECTOR
  • DENNIS FAGAN — DIRECTOR
  • KENNETH HARRIS — DIRECTOR
  • MARY N BONNER — DIRECTOR
  • PAUL PHILLIPS — DIRECTOR
  • RICK OTIS — DIRECTOR
  • SISTER CHARLA COMMINS — TREASURER
  • SISTER CHRISTINE PARTISANO — SECRETARY
  • SISTER EILEEN MCCANN — VICE PRESIDENT
  • SISTER JOAN MARY HARTIGAN — PRESIDENT
  • SISTER LAUREN VAN DERMARK — DIRECTOR
relationships · 14

Who they work with

  • Ascension Health System Partner — Sponsored association linked to the founding sponsor of Shaker Pointe.
  • Carondelet Network — Part of the Carondelet network, operating as Shaker Pointe at Carondelet.
  • Carondelet Hospitality Center Partner — Sponsored association linked to the founding sponsor of Shaker Pointe.
  • Carondelet Music Center Partner — Sponsored association linked to the founding sponsor of Shaker Pointe.
  • College of Saint Rose Partner — Sponsored association linked to the founding sponsor of Shaker Pointe.
  • Facebook Partner — Social media platform used for outreach and engagement with potential residents
  • Latham Physical Therapy Partner — On-site provider offering physical therapy services to residents.
  • Latham Primary Care Partner — On-site healthcare provider offering primary care services to residents.
  • Leading Age Network — Member of Leading Age, a national organization committed to expanding possibilities for aging.
  • LeadingAge New York Partner — Invited Shaker Pointe to lead a panel discussion on resident engagement at the Senior Housing Summit.
  • M-Bellish Boutique Partner — Collaborated with Shaker Pointe to host a fashion show on campus for residents.
  • Sisters of St. Joseph Government — Nonprofit sponsor providing oversight and financial backing for Shaker Pointe.
  • Sisters of St. Joseph Partner — Developer and sponsor of Shaker Pointe, extending their mission of service.
  • Sisters of St. Joseph of Carondelet Government — Sponsored by the Sisters of St. Joseph of Carondelet, reflecting a faith-based commitment to service.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • All-Inclusive, Predictable Living Model
    methodology: predictable_cost_bundling
    By bundling essential services and utilities into a predictable monthly fee, the organization reduces financial and logistical uncertainty, because stable, transparent pricing enables long-term planning and peace of mind for residents.
  • Independence Through Supportive Services
    methodology: independence_through_support
    By managing daily responsibilities such as maintenance, housekeeping, and logistics, the organization promotes resident independence and quality of life, because reducing personal burdens enables older adults to focus on active and meaningful living.
  • Resident-Led Community Engagement
    methodology: resident_driven_programming
    By enabling residents to lead and co-create programming, the organization fosters deeper engagement, personal fulfillment, and a stronger sense of community, because peer-driven initiatives produce higher ownership and social connection than top-down activities.